SpaceX Targets at Least $1.8 Trillion Valuation in IPO

SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter, as Elon Musk's rocket and artificial intelligence company nears its public market debut.

The company, which has long been one of the most anticipated private companies to go public, is reportedly seeking a valuation that would make it one of the most valuable companies in the world. The $1.8 trillion target is a slight reduction from earlier expectations, but still represents a massive premium over its last private valuation. SpaceX's Starlink satellite internet business and its reusable rocket technology have driven significant revenue growth, while its AI ventures add to the narrative of a diversified tech powerhouse.

For equity traders, a SpaceX IPO of this magnitude would be a landmark event, likely drawing substantial investor attention and potentially influencing the broader market for space and defense stocks. The valuation reflects strong demand for high-growth tech and defense-related assets, especially those tied to AI and space exploration. On NowPrice, live stock prices and charts show how the market is reacting to the news, with related stocks such as those in the aerospace and defense sector seeing increased volatility.

Investors will be watching for the official filing and pricing details, which could provide further clues about the company's growth trajectory and the overall appetite for large-cap tech IPOs. The timing of the offering, expected later this year, will also be key as market conditions and interest rate expectations continue to evolve.